If Consumers Value the Product- Specific Services for a New

question 10

Multiple Choice

If consumers value the product- specific services for a new smartphone at $25, if retailers offer the product- specific services for the smartphone, the market ________will ________.

• A)demand; parallel shift to the right by less than $25
• B)demand; parallel shift to the right by $25
• C)demand; parallel shift to the left by $25
• D)supply; parallel shift to the right by $25

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Definitions:

American Neutrality

A foreign policy stance by which the United States has sought to avoid entanglement in the affairs and wars of other nations, notably during the early parts of both World Wars.

Expansionist Hopes

Aspirations or ambitions to expand a country's territory or influence.

Federal Government

The national government of a federal state, where powers are divided between the central government and constituent units, such as states or provinces.

Aggression

Behavior or attitudes that are forceful, hostile, or attacking, often manifesting in military action or bullying tactics.